Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America, Latin America, Asia-Pacific and Middle East: 1,929 cases from 40 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by authority- Securities and Futures Commission (SFC) €313,504 100 % · 2 cases
What for?
by action- Fine €313,504 100 % · 1 case
- Other – 0 % · 1 case
Who?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q4 2023 | 0 | – |
| Q1 2024 | 0 | – |
| Q2 2024 | 0 | – |
| Q3 2024 | 0 | – |
| Q4 2024 | 0 | – |
| Q1 2025 | 0 | – |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 1 | – |
| Q3 2026 | 1 | €313,504 |
| Q4 2026 | 0 | – |
2 cases
27 Jul 2026 Bright Smart Securities International (H.K.) LimitedBright Smart Securities: HKD 2.8m fine for inadequate wash-trade controls €313,504
Bright Smart Securities International (H.K.) was publicly reprimanded and fined 2,800,000 HKD because between November 2023 and September 2025 its controls did not prevent 615 clients from executing 1,021 pairs of wash trades (trades without a change in beneficial ownership) in 736 shares and warrants. Monitoring was mostly after the event and manual, and several wash trades by one client on the same day counted as a single occurrence. Similar deficiencies had been identified and raised repeatedly before but were not fully remedied in any instance.
Trade surveillance must intercept wash trades automatically before execution; after-the-event manual reviews are not enough for recurring patterns.
Detecting and preventing wash trades
- Authority / court
- Securities and Futures Commission (SFC)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- s. 194 SFO (Cap. 571); Code of Conduct GP 2, para. 4.3
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Enhanced systems and a commitment to an independent effectiveness review, cooperation.
- Published
- 27 Jul 2026
Original amount 2,800,000 HKD, converted at the ECB reference rate of 27 Jul 2026.
- SFC press release 26PR117: SFC reprimands and fines Bright Smart Securities International (H.K.) Limited $2.8 million (27.07.2026) Press release of an authority
- SFC Statement of Disciplinary Action zu 26PR117 Decision of an authority
Checked against the official source on 3 Oct 2026 · Direct link
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23 Apr 2026 PricewaterhouseCoopers Hong KongPwC Hong Kong: HKD 1bn compensation for Evergrande shareholders under SFC agreement Other
Under an agreement with the Securities and Futures Commission (SFC, Hong Kong's securities regulator), PricewaterhouseCoopers Hong Kong has undertaken to set aside 1,000,000,000 HKD to compensate independent minority shareholders of China Evergrande Group; in return the regulator will take no further action, without any admission of liability. China Evergrande's audited revenue was allegedly overstated by 44.79% for 2019 and 69.03% for 2020, and PwC Hong Kong, as auditor, was allegedly concerned in the dissemination of false information, allegedly did not maintain its independence and allegedly acquiesced in management's manipulation of audit samples and site inspections.
Auditors who tolerate manipulation of their audit procedures face a considerable risk of having to compensate investors.
Independence and professional scepticism in auditing
- Authority / court
- Securities and Futures Commission (SFC)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- s. 277 SFO (Cap. 571) (Auffassung der SFC, von PwC HK nicht anerkannt)
- Action
- Other
- Status of proceedings
- final
- Sector
- Other
- Published
- 23 Apr 2026
Checked against the official source on 3 Oct 2026 · Direct link